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City of Roseville - Housing & Redevelopment Authority Meeting Minutes for August 16, 2005Page 3 of 4 Cathy Bennett reviewed the revised draft HRA policy statements and action steps recommended in response to the HRA Neighborhood meeting report. She also discussed the presentation to the Council by Barbara Raye, coordinator of the study and the Council comments regarding the action steps. Chair Majerus noted older housing stock, code enforcement; balance of housing and housing rehab were discussed by the Council. Member Kelsey and Member Hermes supported the goals and action steps, adding consideration of inclusionary housing for reduces infill lot sizes when reviewed by the Planning Commission. Member Maschka noted the strategic nature of these steps and was supportive, now getting hands around an immense issue. Chair Majerus thanked the residents for their participation in the process. Motion: Member Kelsey moved, seconded by Member Maschka, to accept the policy statements and action steps and incorporate these into final neighborhood meeting report and amended housing plan. Ayes: 5 Nays: 0 Motion carried. b.Approval of Distribution of Funds to Senior Housing Regeneration Program for Roseville in 2005 (HF33) Executive Director Cathy Bennett advised the HRA that the Senior Housing Regeneration Program (SHRP) through the GMHC has been very successful in Roseville to address the first time homebuyer need as well as provide an easy alternative for seniors selling their home. If a senior sells their home under this program, they receive fair market value and they would be free of the hassles of making needed updates, repairs or holding open houses. If the home is purchase by GMHC, they will make the renovations needed for resale to a first time buyer at and affordable price (affordable to those making 80- 115% of median income). To continue to implement this program in Roseville, the HRA will need to provide gap funding to GMHC. The HRA finance subcommittee requested that a better partnership with existing area realtors be explored to jointly promote the program. GMHC will meet with Realtors to promote the program and partnership and send out information via email for those unable to attend. The structure of the partnership shall include the following: a.A seller represented by a Realtor will pay the Realtor fee for homes purchased by GMHC at no additional cost to GMHC. b.If Realtor brings first time buyer to GMHC the Realtor will agree to a reduced commission of 2.5% of the sales price. That additional cost will be added to the Performa that calculated the second mortgage and gap funds. c.Homes will be marketed through MLS but with the above understanding by local realtors. Member Hermes said she likes this proposal and explained the support for the program. The program should not discriminate against single property owners, especially when dealing with single parent families. Member Hermes asked for clarification on a possible equity partnership with the new homeowner. Chair Majerus said he was excited about this program because it focused on a partnership between the between public and private sectors. Motion: Member Hermes moved, seconded by Member Kelsey, to approve the distribution of $200,000 to GMHC for the Senior Housing Regeneration Program for Roseville based upon the identified program criteria above and marketed in partnership with local realtors. Ayes: 5 Nays: 0 Motion carried. Information, Reports, and Other Business 9. http://archive.ci.roseville.mn.us/council/hra/minutes/2005/hram050816.htm3/12/2008